You are here

Maersk Q2 profit in line with forecast, keeps outlook

A photo taken on Aug 30, 2010 shows Maersk containers stored at the North port terminal in Bremerhaven, northern Germany.

[COPENHAGEN] Danish shipping and oil group AP Moller-Maersk reported on Friday a third-quarter net profit in line with analysts' forecasts and repeated its full-year profit guidance given two weeks ago.

Net profit fell to US$778 million, slightly above an average forecast of US$764 million in a Reuters poll of analysts.

On Oct 23, the group cut its full-year net profit outlook to US$3.4 billion from a previous forecast of US$4.0 billion. Those expectations were repeated on Friday.